Wednesday, July 29, 2009

Sell Online Without a Merchant Account

Not only has the internet revolutionized how people learn and seek information, but, the world wide web has transformed how people and businesses conduct commerce. With the use of websites and merchant accounts, anyone is able to market to anyone. Yet, given the cost to get a merchant account and the cost to maintain a merchant account, is it possible to sell products and services on the web without one?Fortunately, the answer to the previous question is "Yes!" There are several options that allow businesses to make sales without the need for a merchant account. These options are:1) Selling on a website that has its own currency2) Accepting a private currency as payment

Sell Online Without a Merchant Account

Not only has the internet revolutionized how people learn and seek information, but, the world wide web has transformed how people and businesses conduct commerce. With the use of websites and merchant accounts, anyone is able to market to anyone. Yet, given the cost to get a merchant account and the cost to maintain a merchant account, is it possible to sell products and services on the web without one?Fortunately, the answer to the previous question is "Yes!" There are several options that allow businesses to make sales without the need for a merchant account. These options are:1) Selling on a website that has its own currency2) Accepting a private currency as payment3) Using a third party to provide merchant account servicesThere are websites that have an internal and unique "currency" that allow business owners to make sales. These sites allow consumers to become members, offering them the ability to transfer traditional funds into their own accounts. With these accounts, members can then pay for purchases. The "currency" for these purchases go from the purchaser to the seller. The seller is then able to request a payout of collected funds into traditional banking systems. Another consideration is that other websites offer a unique "currency" without the intent to "sell." These websites allow consumers to "exchange" traditional funds for this alternative currency. Business owners may now decide to accept this alternative currency on their websites. This option allows the website to accept orders without the need for a merchant account.

Stradafee Merchant Account

Credit card processing for Internet Merchant Accounts, Retail Merchant Accounts, High Risk Merchant Accounts and Offshore Merchant Accounts.Stradafee is a leading international payment provider based in New York. Stradafee can help businesses of all industries and sizes. We can meet the growing demands of global merchants of any country. Our dedicated e-commerce solutions include state of the art security and fraud protection. 24 - hour friendly support. As experts in the electronic commerce world, StradaFee can offer several options designed to fit your business needs. Sales over the internet have skyrocketed. 87% of all online transactions are being paid using credit cards as the preferred method of payment. We offer e-commerce merchant accounts for Mid-to-High Volume Merchants and Low Volume Merchants. In today's marketplace StradaFee understands you cannot afford not to accept credit cards. Our merchants can be based virtually anywhere in the world as our business is done internationally.

High Risk Merchant Account Application

CASE IN POINTFor example, a merchant may have already submitted his application before the merchant account provider (MAP) reveals the improbable terms: that he may not receive payment until x number of months or that he may not be approved for a merchant account unless he changes his marketing plan. When this happens, the worst case scenario is that the merchant's application may never be approved. If the company doesn't offer a money back guarantee, he may lose money even before he earns it.The dark side of high risk merchant application involves a possibility that the MAPs may take long to approve your account. The reason is that they need to assess your business in relation to the rate of frauds and chargebacks that might be incurred. Also, you may spend more on fees than a regular merchant account.

Online Offshore Merchant Account

Why do you need an Offshore Merchant Account?Many online businesses look for a merchant account offshore for various reasons, ex. have large volume requirements, fast business growth, cannot be approved at a standard processing bank due to new regulations poor credit, or the type of products or service that they sell. By processing through an offshore processing bank, your business may qualify for no monthly or yearly volume limits, and very lenient product type requirements, so your business will never be hindered by the strict guidelines of a domestic processing bank. Many businesses such as software, website hosting and electronics fall into the high risk category and must use an offshore merchant account. Some of the largest and most respected businesses in the world use offshore processors due to their growth and product types. Increased need for Offshore Merchant AccountsThe growing need for offshore merchant accounts continues to increase. Due to US laws and regulation changes in the Untied States, banks and processors have tightened their due diligence and acceptance to merchants processing payments online. If your business is growing and due to increased sales and your U.S. acquiring bank is threatening to terminate your merchant account, then you will need to start seeking and offshore merchant account? Offshore merchant accounts have become a necessary aspect of the ecommerce world. What to expect with an Offshore Merchant AccountAccept MasterCard, Visa, American Express, Discover, Switch, Solo and JCBMulti-Currency credit card processingGateway – to process your electronic payments, normally offered free by merchant service providers.Shopping Cart – Offshore merchant accounts are compatible with most leading shopping cart vendors.High approval rates, even if you do not have perfect credit you there should not be an issue with you obtaining a merchant account. Virtual Terminal – To enter MOTO ordersRecurring billing – ability to auto bill recurring payments.Check accept – ability to accept checks online though your offshore provider,Online View – Ability to access your merchant account activity online 24 hours per day, 7 days a week.